Fund Valuations

RNS Number : 5343N

Capital & Regional plc

19 February 2009

 



19 February 2009

CAPITAL & REGIONAL PLC:

VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS

Capital & Regional plc, the co-investing property asset manager, today announced that the unit value of the Mall Limited Partnership as at 31 January 2009 was as follows:  

	Valuation of properties	Unit value at  31 January 2009	Unit value at  31 December 2008	Underlying valuation change in  month (1)	Change in unit value (geared) in month (2)	Units owned by C&R	C&R percentage of fund
Mall Fund	£1,613,943,458	£0.5062	£0.5892	(4.6)%	(14.1)%	157,742,057	16.7%

Notes:  

(1)    The underlying valuation change shows the increase/(decrease) in the value of the portfolio in the month as a percentage of the value of the portfolio at the beginning of the month.

(2)    The change in unit value reflects the movement in the capital value (excluding the impact of debt mark to market adjustments) of the fund in the month.  Investors separately benefit from quarterly distributions of net income and periodic capital distributions.  

(3)    Following the result of votes by the respective unit holders in both the Junction Fund and the X-Leisure Fund the next unit price for these funds will be calculated as at 31 March 2009.   

- ENDS -

For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive              Tel: [phone]

Charles Staveley, Group Finance Director    Tel:  [phone]

Maitland

Martin Leeburn                                                Tel: [phone]

Emma Burdett                                                Tel:  [phone]

 

END

 

 

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